ENFORCEMENT

    Enforcement

    Singapore Police, Banks Step Up Scam Intervention Efforts

    By Editors | 31/03/2022

    In a four-day operation last week, the police and five banks intervened in 150 scam cases, which resulted in the arrests of 35 individuals.

    Capital / Liquidity

    RBNZ Satisfied with ANZ NZ Governance Improvements

    By Editors | 31/03/2022

    ANZ has “invested heavily” in its director attestation framework remediation uplifted its overall governance capabilities.

    Enforcement

    CSRC Revokes Licences of Two Investment Consulting Firms

    By Editors | 31/03/2022

    The two well-established securities investment consulting firms were found to have disseminated false or misleading information to investors.

    AML / KYC

    US Lawmakers Probe Credit Suisse Russia Business

    By Editors | 30/03/2022

    The lawmakers are concerned that Credit Suisse may be concealing information about sanctions evasion by Russian oligarchs.

    Securities / Derivatives

    TWSE Probes Foreign Securities Firms Over Research Reports

    By Darien Choong | 29/03/2022

    There have been rumours that foreign securities firms have been selling off stocks before they achieve the target prices specified in published research reports.

    Enforcement

    SFC Bans BNP Representative for Unauthorised Discretionary Trading

    By Editors | 29/03/2022

    The relationship manager asked clients to pre-sign blank instruction forms so he could place trades for their accounts without having to inform them in advance.

    Enforcement

    Singapore Jails Nominee Director for Facilitating Illicit Activities

    By Editors | 29/03/2022

    The director of corporate service provider 3E Accounting served as local resident director of four companies whose bank accounts were used to receive criminal proceeds.

    Enforcement

    CSRC Fines Securities Firm Over Client Records Management

    By Editors | 29/03/2022

    Shenwan Hongyuan Securities failed to appropriately manage its online investment advisory business on Ant Group’s wealth management app.

    Enforcement

    SEBI Probes Investment Banks Over Possible Insider Trades

    By Editors | 27/03/2022

    SEBI’s new AI-based surveillance systems have detected possible insider trades by related parties of investment bankers.

    Enforcement

    Tokyo Prosecutors Indict SMBC Nikko Securities, Five Others

    By Editors | 24/03/2022

    Prosecutors have filed charges against SMBC Nikko Securities and five others. The head of the firm’s equity division was also arrested.

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